Ed and Adam from Wonderverse are back for a deeper dive into their web3 origin story. They also talked about their work bringing DAOs into the nonprofit space. They created a software company called Wonderverse that can be an all-in-one tool for running a DAO. 

How they got into web3 and DAOS

Adam got into the crypto space, but Ed was able to start his journey through the simple action of hopping into a Discord channel and saying, hey. 

Common Growing Pains Experienced by DAOS 

It’s important to keep in mind how your DAO will contribute to the space. Having clarity on this one question will help you to make the hard and easy decisions along the journey of growing your DAO. Lots of DAOs struggle with transparency and tracking of tasks that have been completed. 

Larger DAOs struggle with tapping into the community outside the DAO itself and getting people involved in the mission. 

Number One Advice for Starting a DAO

Similar to starting a company or any other project, it’s really about giving yourself a deadline, setting up a Twitter, and setting up a Discord. Start talking about what you want to do and see if people start to buy in. 

Favorite Tools for Running DAOs 

Most business SaaS applications are simply trying to replace excel. Guild and Radical are great tools, but sometimes pen and paper are more than enough to get the job done. They have also done some of their own governance on Jump DAO. 

DAOs you have to check out today

Gitcoin is probably one of the most vibrant DAO communities you can find. FWB is a great DAO for people who are interested in the arts. 

Connect with Ed
https://www.wonderverse.xyz/
https://twitter.com/jackalpha_xyz

Connect with Adam
https://twitter.com/adam_ha_yes
https://twitter.com/wonderverse_xyz

Connect with Adam Miller
https://twitter.com/0xThriller
https://midao.org/

Sources
Pay your DAOs! How DAOs work and what they represent

CFTC Pushes Back Against Amicus Briefs in Ooki DAO Lawsuit

9 things you never knew about DAOs | e27

A Beginner's Guide To Understanding DAO Governance Models -

david phelps 🐮🏰🃏 on Twitter: "regulation is coming.if you run a DAO where you hold the tokens and use them to make decisions to pay yourself out for actions performed...you might think twice if that's a security.you might want to embrace actual community-led governance that DAOs were made for. / Twitter"

humpty 🌗 on Twitter: "Timely episode with @SchorLukas Co-founder of @safe We talk about smart contract wallets, how to use them, and the urgency to take ownership over our digital assets 🎙🧠 https://t.co/ychZVpweLI 

CityDAO on Twitter: "One of Google's early guiding principle was "don't be evil." Since DAOs are transparent and democratic, they change the mindset from "don't be evil" to "can't be evil." Pretty hard to pull the rug when there is accountability and transparency. / Twitter"

Connect with Ed
https://www.wonderverse.xyz/
https://twitter.com/jackalpha_xyz

Connect with Adam
https://twitter.com/adam_ha_yes
https://twitter.com/wonderverse_xyz

Connect with Adam Miller
https://twitter.com/0xThriller
https://midao.org/

What Spencer is currently working on: DAO House v3

DAO House at its essence is an app. And they are building additional applications on top of the foundational infrastructure to improve the services available at DAO House. There is the potential for new products, businesses, or even applications to operate under DAO House v3. 

Common Growing Pains of New DAOs

Permission list environments are difficult to navigate and it can become impossible to get anything done. From an informational and social perspective, too many people on a DAO without specific priorities and jobs can spiral into chaos quickly. Full decentralization is difficult to achieve and may not be totally possible for DAOs just starting out. New DAOs should keep in mind how they will be practicing decentralization in the future, but you don’t have to do that from day one. 

Spencer’s Favorite DAO Running Tools 

Spencer’s favorite tool would be the one he created, Hats Protocol. His tool supports the delegation of responsibility to DAO members. It supports DAOs in creating roles and assigning them to teams, sub-DAOs, or team leaders. 

Spencer’s Favorite DAOs

The WGI DAO is focused on community builders. They are helping DAO-native communities flourish, and they are doing amazing work both within their own DAO and other DAOs. He also uses Smart Invoice which serves as a third-party billing and contract system for web3 clients. 

Connect with Spender
https://daohaus.club/
https://twitter.com/spengrah

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Sources
brantly.eth on Twitter: "happy 1st anniversary of ENS DAO and token launch! 🍾among DAOs, it's been one of the most successful & active. i think this is true for at least 2 reasons:1) ENS the protocol is genuinely useful2) the DAO genuinely has a critical role to playlet me explain1/ / Twitter"

General Magic | Solution services for Impact DAOs on Twitter: "We're proud to announce the launch of the official @ENS_DAO merch store! 🎉https://t.co/Y8Lpu9bY0bIf you own an ENS domain, you can now get sweet ENS swag shipped worldwide by simply connecting your wallet and placing an order. pic.twitter.com/QcXzUlySB6 / Twitter"

kara ✿ on Twitter: "guys would literally rather make a DAO of DAOs than go to therapy / Twitter"

DAO Research Collective on Twitter: "Earlier this year, our friends at @DAOstar_one completed their drafting of Ethereum Improvement Proposal (EIP) 4824: Common Interfaces for DAOs.What's in the proposal, and why is it important for DAO contributors and builders alike? Let's take a look🧵 / Twitter"

Introducing TokenTable

Crypto Investor a16z Wants to Join Ooki DAO Defense Against CFTC

Vitalik Buterin's 'Proof of Stake': The CoinDesk Megareview

Connect with Spender
https://daohaus.club/
https://twitter.com/spengrah

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Sources
Multisignature crypto wallets are the safest bet for DAOs

ConsenSys commits $2.4M annually to launch MetaMask Grants DAO

Hackathon

Australia's Leading Web3 Founders Launch Upside DAO with $5M in Funding

Japan's Digital Agency launches DAO to explore DAOs and Web3

lisawocken 🌻 feeling inspired on Twitter: "For those building onboarding for #daos consider including messages that level set what it means to have a quality career/life in general. This is one of the better ones I've come across. https://t.co/tvOSDBxxpp / Twitter"

Nouns Builder on Twitter: "Nouns Builder: → Upload your art.→ Start your DAO.→ Create as a community. All onchain. No code required. Create your own Nouns DAO↳ https://t.co/fFPudTazg0 pic.twitter.com/hq87EuWRLN / Twitter"

Connect with Anna
https://twitter.com/nevm_a

https://discord.gg/UB25ep94vA

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

How Aléksa got into web3 and DAOs

Aléksa has a background working in startups and accidentally applied for a role in a DAO. Understanding how DAOs work seemed to come naturally to her, so she dove straight into the web3 world from there. 

Aléksa’s company and how it is structured

She is the managing director of a decentralized nonprofit that supports DAOs with governance, frameworks, community, compliance, and more. Her members are either service providers or individual consultants that help other DAOs. 

Common growing pains Aléksa sees in DAOs she works with

Understanding what a DAO is and how decentralization works is the most common struggle Aléksa sees. Communities are not used to having the amount of power that they have in DAOs. Aléksa helps DAOs communicate to community members what their role is and what it could evolve into. 

The number one piece of advice Aléksa has for new DAOs

Don’t trust one person too much. Do your research and get information from a lot of different sources. Also, find someone to give you a crash course on the basics of DAOs. 

Aléksa’s favorite tools for DAOs

Charm First combines Discord and Notion while also creating a feed-like feature that mimics Twitter or internet forums. It is built with a web3 organization in mind. 

Aléksa’s favorite DAOs

Aléksa is launching a project to educate female legal professionals in the DAO space. She wants to target underrepresented women in different communities. She also likes Open Currnt, which is a DAO in the making looking to bridge the gap between web2 and web3. 

Connect with Aléksa
http://twitter.com/alexamil_
https://www.linkedin.com/in/aleksa-mil/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Sources
Council Post: The Power Of DAOs

DAOs Rush To Restructure To Avoid Legal Liability - Blockworks

SushiSwap to create three DAOs in Panama and Cayman in business restructuring

Why DAOs Are the Future of Work if They Have the Right Tools | NewsBTC

In the Alien Worlds Metaverse Game, DAOs Are Game Pieces - Decrypt

A Look into Autonomy and How DAOs Use Working Groups

Connect with Aléksa
http://twitter.com/alexamil_
https://www.linkedin.com/in/aleksa-mil/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Ben’s background

Ben got into crypto in 2012 after being fascinated with the crypto white paper. Over the last couple of years, he has been able to dive into Ethereum and he believes that crypto really is the future of the internet. 

Ben’s current projects

Ben is the founder of Origami, which helps ambitious organizations build DAOs. A lot of current DAOs are simply investment groups and they have limitations. But Ben created a new framework for people who want to build the businesses of tomorrow on the blockchain. 

He is also one of the founders of Orange DAO, which is built on representative democracy. It’s a significant success story with over $80 million in assets under it. 

Common growing pains for newer DAOs 

Most DAOs are getting conflicting advice because attorneys don’t always know how to navigate the space. So a lot of DAOs are frozen in indecision because they don’t want to risk making a legal mistake. This leaves a lot of organizations as a DAO in name only. 

Ben has also seen struggles with keeping members engaged. He is building a software program that will include a social platform that will help with member engagement for DAOs. 

Ben’s favorite tools for DAOs

Having a spreadsheet with a seasonal budget process has been a game-changer for him. He also likes to use quadratic funding to help plan out how the DAO will grow. 

Connect with Ben
https://twitter.com/benhuh
https://joinorigami.com/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Sources
The CFTC's Ooki Dao action is a bad omen for American crypto developers

DAO That Helps Women Achieve 'Financial Freedom' Accused Of Grifting

Inside a Social DAO: How an Online Community Becomes a Digital City

Quorum is becoming a metalabel

Cointelegraph Research DAO Report - The Evolution of Organization

Allocating Sweat Equity in Sporos DAO

Connect with Ben
https://joinorigami.com/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Crypto Bushi’s background and how he got into DAOs:
During the lockdown, Crypto Bushi started trading crypto with encouragement from his friends. He started to do some research and eventually found crypto Twitter. When NFTs started to take off, he decided that would be his next endeavor. Now he makes NFTs and he is active in the web3 space.

Avoiding early growing pains of DAOs:
You need a strong team for any web3 project. Everything should be made to the highest level of  quality possible. Everyone should be excited and empowered to work within their specific zone of genius. Problems are inevitable, so the excitement needs to be there for when those challenges arise.

Crypto Bushi’s favorite tools:
A relationship with a great developer is the most valuable thing that you could possibly have to build a successful DAO. There are too many tools out there, and advice from an expert developer can help you pick the best ones.

Favorite DAOs to check out:
Bankless is one of the top ones as well as DAO Punks. He also recommends Cult DAO, because the fundamental governance structure has been solid since the launch date. There are also a lot of problems that people can learn from. Also, check out Social DAO, and Boys Club for any women listening.

Top advice for people starting DAOs today:
You can’t expect people to work for free. Even if you think you are working towards a good cause, you are going to have to start compensating if you want the best people on your team.

Connect with Crypto Bushi
https://twitter.com/thecryptobushi
https://www.daopunks.io/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/